Selz Capital LLC Takes $7.78 Million Position in Graco Inc. (NYSE:GGG)

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Selz Capital LLC purchased a new position in Graco Inc. (NYSE:GGG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 149,600 shares of the industrial products company’s stock, valued at approximately $7,779,000. Graco makes up about 1.4% of Selz Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Selz Capital LLC owned about 0.09% of Graco as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. AE Wealth Management LLC boosted its holdings in Graco by 2.6% in the fourth quarter. AE Wealth Management LLC now owns 24,703 shares of the industrial products company’s stock worth $1,285,000 after acquiring an additional 625 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Graco by 5.9% in the fourth quarter. Raymond James Trust N.A. now owns 5,985 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 334 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in Graco by 3.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 22,260 shares of the industrial products company’s stock worth $1,158,000 after acquiring an additional 738 shares in the last quarter. Modus Advisors LLC bought a new stake in Graco in the fourth quarter worth $206,000. Finally, Millennium Management LLC boosted its holdings in Graco by 130.7% in the third quarter. Millennium Management LLC now owns 533,640 shares of the industrial products company’s stock worth $24,568,000 after acquiring an additional 302,330 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research raised Graco from a “sell” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, December 24th. Royal Bank of Canada reissued a “hold” rating and issued a $50.00 target price on shares of Graco in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Graco presently has an average rating of “Hold” and a consensus target price of $50.25.

In other news, insider Bernard J. Moreau sold 102,949 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $52.55, for a total transaction of $5,409,969.95. Following the completion of the transaction, the insider now directly owns 56,885 shares of the company’s stock, valued at $2,989,306.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Caroline M. Chambers sold 20,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $46.39, for a total transaction of $927,800.00. Following the transaction, the executive vice president now owns 42,497 shares in the company, valued at approximately $1,971,435.83. The disclosure for this sale can be found here. Insiders have sold a total of 164,249 shares of company stock worth $8,332,009 in the last 90 days. Company insiders own 4.23% of the company’s stock.

Graco stock traded down $0.08 during mid-day trading on Thursday, hitting $53.13. The company had a trading volume of 15,744 shares, compared to its average volume of 513,019. The company has a market capitalization of $8.84 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The company has a current ratio of 2.69, a quick ratio of 1.68 and a debt-to-equity ratio of 0.20. Graco Inc. has a 12 month low of $41.36 and a 12 month high of $53.91. The stock’s 50 day moving average price is $51.07 and its two-hundred day moving average price is $48.00.

Graco (NYSE:GGG) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Graco had a net margin of 20.29% and a return on equity of 36.17%. The business had revenue of $400.60 million for the quarter, compared to analysts’ expectations of $418.93 million. During the same period last year, the business earned $0.50 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Graco Inc. will post 1.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Tuesday, January 21st will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.70 annualized dividend and a yield of 1.32%. This is a boost from Graco’s previous quarterly dividend of $0.16. Graco’s dividend payout ratio is currently 34.04%.

About Graco

Graco, Inc is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.

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Institutional Ownership by Quarter for Graco (NYSE:GGG)

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